SA construction industry face fines

Business News / 27 March 2013, 3:57pm

File picture: Sxc.hu

Johannesburg - South Africa’s construction companies should expect a relatively lenient fine from the country’s Competition Commission when its investigation into collusion in the industry ends later this year.

“Leniency will vary from company to company, depending on level of cooperation, projects won, and value of projects,” Trudi Makhaya, deputy commissioner of the antitrust body, said by phone today.

The fine “will be lower than normal circumstances,” she said.

The Competition Commission is investigating construction companies over cartel-style collusion on prices for contracts issued back as far as three years, Makhaya said last month.